National Health Investors (NHI) Payout Ratio (2009 - 2026)
National Health Investors' (NHI) quarterly Payout Ratio came in at 0.8 in Q2 2026, down 29.49% on a YoY basis from 1.14 in Q2 2025, and down 27.75% quarter-over-quarter from 1.11 in Q1 2026.
Analysis
National Health Investors (NHI) Payout Ratio (2009 - 2026) Analysis & Trends
National Health Investors (NHI) has reported Payout Ratio for 16 consecutive years, with 0.8 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payout Ratio fell 29.49% year-over-year to 0.8; the trailing twelve-month figure through Jun 2026 stood at 1.05 (down 6.79% YoY), and the FY2025 full-year result was 1.2, up 5.29% from the prior year.
- Payout Ratio retreated to 0.8 in Q2 2026 per NHI's latest filing, from 1.11 in the prior quarter.
- Across five years, Payout Ratio topped out at 20.96 in Q4 2022 and bottomed at 0.8 in Q2 2026.
- Historically, Payout Ratio has averaged 2.36 across 5 years, with a median of 1.17 in 2022.
- The sharpest annual moves came in 2023 and 2025: Payout Ratio plunged 94.18% in 2023, then rose 26.58% in 2025.
- Over 5 years, Payout Ratio stood at 20.96 in 2022, then slumped by 94.18% to 1.22 in 2023, then dropped by 25.53% to 0.91 in 2024, then climbed by 26.58% to 1.15 in 2025, then plunged by 30.24% to 0.8 in 2026.
- According to Business Quant data, Payout Ratio over the past three periods registered 0.8, 1.11, and 1.15 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 170.25 Bn | 169.31 Bn | 1.39 Bn |
| 2 | Ventas | 46.29 Bn | 46.60 Bn | 1.73 Bn |
| 3 | Healthpeak Properties | 14.22 Bn | 15.84 Bn | - |
| 4 | Omega Healthcare Investors | 13.87 Bn | 14.12 Bn | - |
| 5 | American Healthcare REIT | 10.65 Bn | 10.51 Bn | 149.41 Mn |
| 6 | CareTrust REIT | 9.21 Bn | 9.22 Bn | - |
| 7 | Healthcare Realty Trust | 6.55 Bn | 6.61 Bn | - |
| 8 | Sabra Health Care REIT | 5.31 Bn | 5.31 Bn | - |
| 9 | Diversified Healthcare Trust | 4.63 Bn | 4.51 Bn | 298.67 Mn |
| 10 | National Health Investors | 3.43 Bn | 3.44 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.80 |
| Mar 31, 2026 | 1.11 |
| Dec 31, 2025 | 1.15 |
| Sep 30, 2025 | 1.30 |
| Jun 30, 2025 | 1.14 |
| Mar 31, 2025 | 1.21 |
| Dec 31, 2024 | 0.91 |
| Sep 30, 2024 | 1.37 |
| Jun 30, 2024 | 1.11 |
| Mar 31, 2024 | 1.26 |
| Dec 31, 2023 | 1.22 |
| Sep 30, 2023 | 1.33 |
| Jun 30, 2023 | 0.98 |
| Mar 31, 2023 | 1.13 |
| Dec 31, 2022 | 20.96 |
| Sep 30, 2022 | 1.17 |
| Jun 30, 2022 | 1.90 |
| Sep 30, 2019 | 1.62 |
| Jun 30, 2019 | 1.73 |
| Mar 31, 2019 | 1.93 |